Egypt To Privatize Wind Management

The New and Renewable Energy Authority (NREA) unit of Egypt’s Ministry of Electricity plans to establish a company to manage the country’s wind farms. NREA will offer 70% of the new firm to international wind power firms. CEO Muhammad El Khayat says NREA aims to launch the new company in late 2018 as the current set-up lacks the financial liquidity to maintain its existing wind farms, according to local daily Al Mal.